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    637 E Colorado Drive

    Bayfield, CO 81122
    • $995,000
    • STATUS: Active
    • ON SITE: 13 days
    • MLS #: 774282
    UPDATED: 23 min ago
    $995,000
    • 0
      BEDS
    • 0.4
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    • 2,500
      SQFT
    • $398
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    County:

    School Ratings & Info

    Listing courtesy of Hayden Outdoors.


    Description

    Rare income-producing property now available in Bayfield. Excellent highway frontage and access from the busy US Highway 160 corridor extending between Durango and Pagosa Springs. The 5,900 square foot improvements provide flexible space options consisting of a full-service restaurant/bar (2,500 SF), upper-level two-bedroom apartment (850 SF), (3) main level residential/commercial units (850, 650 & 650 SF) and additional space currently utilized for storage (400 SF). Units are separately metered for natural gas/electric/sewer and contain ADA compliant restrooms. Attractive building exterior consisting of stucco and corrugated metal panels with an open dining patio along the front elevation. The 0.43-acre site is fully concrete paved. The popular Chavolos Mexican Restaurant is a consistent, long-standing tenant that has occupied the property for 15-years (additional locations in Pagosa Springs, Cortez, Bayfield, Mancos and Del Norte). As evidenced by recent trends, future growth for Durango will continue in an eastward expanse along US Highway 160. Given the population increases for Durango and Bayfield of 13% and 15%, respectively since 2010, this property is well-positioned to capitalize on a continually expanding market and rental rate upside potential. Financial information available upon request. Contact Greg Liddle or Linda Wilkin (970) 318-1429 to arrange for a qualified showing. Co-brokers welcome. Note: Financial verification and Non Disclosure Agreement required to view financials and/or schedule a showing.

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    The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2020. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
    FULL CREN Disclaimer

    Real Estate listings held by companies other than The Dawn Howe Group | Keller Williams Realty contain that company’s name.
    Fair Housing Disclaimer

    This data was last updated: 2020-09-20T12:56:30.283.
    www.crestedbutteliving.com/homes/109767555
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    637 E Colorado Drive Bayfield, CO 81122

    • Price: $995,000
    • Status: Active
    • Updated: 23 min ago
    • MLS #: 774282
    0
    Beds
    4
    Baths
    0
    ½ Baths
    0.4
    Acres
    2,500
    SQFT
    $398
    $/SQFT
    Neighborhood:
    Mountain View
    County:
    La Plata
    Area:
    Bayfield In Town
    Property Description
    Rare income-producing property now available in Bayfield. Excellent highway frontage and access from the busy US Highway 160 corridor extending between Durango and Pagosa Springs. The 5,900 square foot improvements provide flexible space options consisting of a full-service restaurant/bar (2,500 SF), upper-level two-bedroom apartment (850 SF), (3) main level residential/commercial units (850, 650 & 650 SF) and additional space currently utilized for storage (400 SF). Units are separately metered for natural gas/electric/sewer and contain ADA compliant restrooms. Attractive building exterior consisting of stucco and corrugated metal panels with an open dining patio along the front elevation. The 0.43-acre site is fully concrete paved. The popular Chavolos Mexican Restaurant is a consistent, long-standing tenant that has occupied the property for 15-years (additional locations in Pagosa Springs, Cortez, Bayfield, Mancos and Del Norte). As evidenced by recent trends, future growth for Durango will continue in an eastward expanse along US Highway 160. Given the population increases for Durango and Bayfield of 13% and 15%, respectively since 2010, this property is well-positioned to capitalize on a continually expanding market and rental rate upside potential. Financial information available upon request. Contact Greg Liddle or Linda Wilkin (970) 318-1429 to arrange for a qualified showing. Co-brokers welcome. Note: Financial verification and Non Disclosure Agreement required to view financials and/or schedule a showing.
    Exterior Features

    Acreage Range Less Than 1/2 Approx Irrig Acres 0.4 Carport No Lot Dimension .435 Parking PavedOff Street Property Attached No Sewer Public Sewer AvailablePublic Sewer Installed Stories 2 Street Description City/TownPavedState Highway Water Public Water Well No Waterfront YN No

    Interior Features

    Finished Sq Ft 3716 Main Sq Ft 2500 One Quarter Baths 0 Total Offices 0 Upper Sq Ft 1216

    Property Features

    Available Utilities CableElectricInternetNatural GasPhoneSanitary SewerWater Books Available No Cam No Current Use RestaurantOtherMixed Use Documents On File Aerial PhotosTopography Map Exchange Trade No Existing Utilities ElectricInternetNatural GasPhoneSanitary SewerWater Fixtures Included No Inventory Included No Landlord Pays Sewer/Water Lease Included Yes New Construction YN No Owners Association No Possible Property Use Bar/LoungeMixed-UseOtherRestaurant Railroad Siding Spur No Real Estate For Sale Yes Reo Lender Owned No Tax Year 2020 Tenant Pays Building InsuranceCommon Area MaintenanceElectricExt Maintenance (Bldg)GasInterior MaintenanceJanitorialReal Estate TaxesSewer/WaterSite Maintenance (Prop)Snow RemovalTrash Total Taxes 8595 Type Restaurant Variable Rate No Water Rights Yes Zoning Type CommercialMixed Use

    The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2020. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
    FULL CREN Disclaimer

    Real Estate listings held by companies other than The Dawn Howe Group | Keller Williams Realty contain that company’s name.
    Fair Housing Disclaimer

    This data was last updated: 2020-09-20T12:56:30.283.
     
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    The Dawn Howe Group | Keller Williams Realty
    PO Box 2142
    Crested Butte CO, 81224
    Listing courtesy of Hayden Outdoors.